This fully occupied, 42,000 square foot industrial property in Cyril, Oklahoma, is offered for sale at $2,200,000, representing a 10.63% capitalization rate. The property sits on 13.61 acres and includes three buildings: a main warehouse with a two-story office complex, a second warehouse, and a 6,000 square foot canopy shelter. The main warehouse, totaling 16,000 square feet, features a 30-foot peak ceiling height, HVAC, one 5-ton single girder crane, and one 15-ton double girder bridge crane. It also includes four 14' x 18' overhead drive-through doors, two passage doors, and one dock. The second warehouse offers 17,600 square feet with sixteen 14' x 18' overhead doors, HVAC, and an open-span office/meeting room. The two-story office complex boasts a reception area, eight offices, a full kitchen/breakroom, three restrooms with showers, and a conference room, all fully insulated with HVAC. The property is fully fenced and gated, includes approximately 17,000 square feet of concrete paving, employee parking, three three-phase 800-amp power supplies, three water wells, and a propane tank. A rail line runs adjacent to the property, offering potential for negotiated direct rail service. The property is currently 100% occupied under a modified lease with a single tenant, expiring August 31, 2024, with lease options for 2-3 years. The permitted zoning is agricultural. Built in 1982, this Class C industrial property presents a strong investment opportunity.
Highlights
13.61-acre industrial property in Cyril, OK, on County St. 2700 and Old US Hwy. 277.
Main building includes a two-story office complex with reception area, eight offices, kitchen, restrooms with showers, and a conference room; fully insulated with HVAC.
16,000 SF main warehouse features 30' ceilings, HVAC, one 5-ton and one 15-ton crane, four 14'x18' overhead doors, and a loading dock.
Second 17,600 SF warehouse includes sixteen 14'x18' overhead doors, insulation, restrooms, and an open office area.
Includes a 6,000 SF canopy shelter.
Features three three-phase 800-amp power supplies, three water wells, a propane tank, full fencing, gated access, 17,000 SF of concrete, and employee parking.
The property is located at 45021 County Street 2700 Cyril, OK.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 13.61-acre industrial property in Cyril, OK, on County St. 2700 and Old US Hwy. 277.; Main building includes a two-story office complex with reception area, eight offices, kitchen, restrooms with showers, and a conference room; fully insulated with HVAC.; 16,000 SF main warehouse features 30' ceilings, HVAC, one 5-ton and one 15-ton crane, four 14'x18' overhead doors, and a loading dock.
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Contacts
Melissa Busse
Jason Wells
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County Street 2700 Cyril, OK 73029
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County Street 2700 Cyril, OK 73029
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45021 County Street 2700
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